Rates round-up: Canada opts for 75bp raise

Chile surprises with larger hike, while Poland nears peak rates with 25bp increase

Bank of Canada/Flickr

Canada: The Bank of Canada raised its main interest rate by 75 basis points today (September 7), opting for a smaller increase than the full percentage point hike at the previous meeting. The decision took the rate to 3.25%.

Canada benefitted from a decline in consumer price index inflation in July, which fell to 7.6% from 8.1% a month earlier. But the central bank said the drop had mainly been driven by falling gasoline prices; excluding gasoline, inflation has broadened and continued to climb

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account